20 Bankruptcy Myths
- Bankruptcy relief is no longer available.
- Its really hard to file Bankruptcy.
- If I file Bankruptcy, I'll loose my house, car, and everything I own.
- Your credit will be ruined, and you'll never own anything again.
- You'll never be able to buy a home if you file bankruptcy.
- Filing Bankruptcy means you are somehow "immoral".
- Filing Bankruptcy is somehow "Irresponsible".
- Filing Bankruptcy is somehow “Cheating the System”.
- You have to go before the judge and be grilled by your creditors.
- You can only file bankruptcy once.
- You can’t wipe out taxes through bankruptcy.
- I'll be humiliated. . . Everyone will know I have filed.
- My Payday lenders will have me arrested for writing a bad check.
- I'm not broke enough to file Bankruptcy.
- It’s Against the Bible to file Bankruptcy.
- Finance companies will take my household items if I file bankruptcy.
- Debt consolidation is always worth a try.
- If you file Bankruptcy you can’t repay friends and family.
- My spouse’s credit rating will suffer.
- You can pick and choose which assets and debts to include.
